Ramon ‘Hushpuppi’ Abbas, the self-proclaimed ‘Billionaire Gucci Master’, is now waiting for it … [+]
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The lavish life of fast cars, designer clothes and private jets has come to an end for the Nigerian Instagram influencer Ramon ‘Hushpuppi’ Abbas, 37 years old after pleading guilty to money laundering and other business email programs that cost his victims nearly $ 24 million in a California court.
The plea, confirmed by the US Attorney’s Office in the Central District of California, could result in Abbas being sentenced to up to 20 years in prison, according to court documents. Abbas must also “pay the victims full compensation,” the documents say.
In a statement, Kristi K. Johnson, assistant director of the FBI’s Los Angeles branch, described Abbas as one of “the world’s most senior money launderers,” adding: “[Abbas’] Celebrity status and the ability to make connections seeped into legitimate organizations and resulted in several spin-off programs in the US and abroad. Today’s announcement deals a decisive blow to this international network and hopefully serves as a warning to potential victims of this type of theft. “
Abbas and his co-conspirators were charged with attempting “to steal more than $ 1.1 million from a … [+]
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Abbas and his co-conspirators were charged with “stealing more than $ 1.1 million from a businessman who is trying to fund the construction of a school for children in Qatar – and subsequently laundering illegal proceeds from bank accounts around the world.” Court documents unsealed on Wednesday show Abbas pleaded guilty on April 20.
Acting US attorney Tracy L. Wilkison said in a statement: “The defendants allegedly faked funding a Qatari school by playing the role of bank clerk and creating a fake website that also bribed a foreign official for the sake of the complicated pretext to go after a lead was given to the victim, “added,” Mr. Abbas, who played a significant role in the program, financed his luxurious lifestyle by laundering illegal revenues generated by scammers.
Gucci master guilty
Ramon Abbas is a Nigerian influencer with over 2.5 million followers on Instagram. Abbas, known to his fans as Hushpuppi, has built a worldwide following by posting pictures of his lavish spending on cars, watches, designer clothes, and private jets.
In July, the former legal representative of Mr. Abbas, Gal Pissetzky von Pissetzky & Berliner, told Forbes that his client was “absolutely not guilty” [the] Charges they accuse him, “added:”[Abbas] ran a legitimate business and a very legitimate Instagram account, and didn’t engage in fraud or scams. ”When asked how Abbas paid for his lifestyle, Pissetzky told Forbes,“ He’s an entrepreneur. He has real estate engagement … [he’s] an Instagram personality. He advertised brands and legitimately earned his money with them. ”After a year of waiting in a US prison, Abbas has now pleaded guilty.
A $ 200,000 Richard Mille watch, like the one Ramon Abbas bought before his arrest and in the … [+]
Abbas was in. arrested Dubai in June 2020. Documents released on Wednesday show that between January 18, 2019 and June 9, 2020, Abbas and his conspirators targeted multiple victims and laundered funds fraudulently obtained through cyber attacks on banks (including fraudulent transfers via SWIFT authorize and cause) and tried to trick a victim into making an unauthorized transfer via email
Abbas has pleaded guilty to damages of. to have caused $ 14.7 million at a bank in Malta, and $ 7.7 million in losses to so-called “victim companies” in a separate case related to an unnamed Premier League club. Two other sums of damage – one to an unnamed law firm and the other to a Qatari businessman – are less than $ 1 million each.
While these sums are not representative of Abbas’ career earnings, it is very likely that the self-proclaimed “Billionaire Gucci Master” was never actually a billionaire. (Forbes does not currently list Abbas on our list of Billionaires in the World, nor has Forbes ever listed Abbas as a billionaire.)
Abbas’ lawyer had no comment.